Scope of the Study
The synchronization and sharing of company files are software services with which documents, photos, videos, and files can be securely synchronized from multiple devices and shared with employees as well as external customers and partners. Large companies, as well as small and medium-sized companies, rely heavily on digitization, intelligent technologies, and automation. Overall, 90% to 95% of all companies are small and medium-sized, while only 5 to 10% are large. The majority of US SMEs have integrated or want to integrate their workflow into automation to increase operational efficiency. Therefore, the acceptance of synchronization and sharing of company files (EFSS) has also increased worldwide. The adoption of automation by SMEs in the workflow process is expected to drive the growth of the EFSS (Enterprise File Synchronization and Sharing) market.
The market study is being classified by Type (Standalone EFSS Solution and Integrated EFSS Solution), by Application (Large Enterprises and Small and Medium-sized Enterprises (SMEs)) and major geographies with country level break-up.
Box (United States), Citrix Systems (United States), Dropbox, Inc. (United States), Microsoft Corporation (United States), Axway (United States), Google (United States), IBM (United States), BlackBerry Limited (Canada), Egnyte (United States), VMware (United States), Acronis (Switzerland), OpenText (Canada), Thru Inc. (United States), Accellion (United States), SugarSync (United States), CTERA Networks (Israel), Nextcloud GmbH (Germany), Wanpath LLC (United States), Northbridge Secure Systems Pty Ltd (Australia), Inspire-Tech Pte Ltd (Singapore) and SkySync (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are HighQ (United Kingdom), Intralinks (United States), ownCloud (United States), CodeLathe (United States) and XMedius Solutions (Canada).
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Enterprise File Synchronization and Sharing market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Enterprise File Synchronization and Sharing market by Type, Application and Region.
On the basis of geography, the market of Enterprise File Synchronization and Sharing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Tighter Government Regulations
- Increasing the Productivity of both Employees and Enterprises
- Growing Security Concerns to Protect Corporate Data
- Adoption of Automation by SMEs in the Workflow Process
- Increasing Need to Reduce Operational Cost
- The Large Adoption of Standalone and Integrated EFSS Solutions among Enterprises
- The Lockdown Period In Many Countries Across The Globe Due To The Outbreak Of Covid-19 Will Moderately Impact The Growth And Adoption Of Enterprise File Synchronization And Sharing (EFSS)
- Constant Security Concerns and Network Issues
- High Cost of EFSS Solutions
- Massive Penetration of Smartphones and the Internet across Consumers and Business Segments
- Emerging Potential Markets
- Difficulties in Selecting the Right EFSS Vendor
- The Intense Market Competition
Key Target AudienceProviders of Enterprise File Synchronization and Sharing, Downstream Vendors, Private Research Institutes, Market Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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